Question

what will be the value of 200 dollars after 2 years if the interest rate is 5%?​

Answer 1

Answer:

Final value is = 220 in two years.

Given :

1) value of 200 dollers after 2 years if the interest rate is 5 %?

To Find or Do:

1) what will be the final value in after adding 5% of interest.

Step-by-step explanation:

1) Money is = 200 dollers.

2) Time is = 2 years .

3) Interest present is = 5%.

In first years ,200÷ 100=$2.

In second years ,200÷100= $2.

since each years was get =$10.

Therefore two years was get = $ 20.

Hence final value is = 220.